XLF — State Street Financial Select Sector SPDR ETF

XLF Price Performance — Growth of $10,000

Value of a $10,000 investment in XLF over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

XLF Drawdown

The "underwater" chart: XLF's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The State Street Financial Select Sector SPDR ETF (XLF) is a Financial sector fund managed by State Street Investment Management. With $51.4 billion in assets under management, the fund represents significant investor adoption within its category, which ETFValuer tracks as containing 9 ETFs. It currently holds an overall rank of #172 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of B with a score of 65.0 out of 100. The fund charges an expense ratio of 0.08% and offers a dividend yield of 1.02% to shareholders. Trading at a price of $57.60, the combination of its large asset base and low cost structure positions it as a substantial vehicle for exposure to the financial sector.

Recent performance data shows a positive trajectory across short-term horizons, with the fund gaining +1.27% over one day and +2.66% over one week. This momentum accelerated over the past month to +7.52% and continued into the three-month period with a return of +11.56%. Year-to-date returns stand at +5.77%, while the six-month return is recorded at +8.78%. Over the past year, the fund generated a return of +9.46%, and the three-year return is notably higher at +72.42%. The data indicates a divergence where the three-year return significantly outpaces the one-year return, suggesting a longer-term accumulation of gains relative to the most recent twelve-month period.

The fund carries a Low volatility label and a beta of 0.75, indicating that its price movements have historically been less sensitive to market fluctuations than the broader market. A Sharpe ratio of 0.30 suggests the fund has generated a modest amount of excess return per unit of risk taken over the measured period. During market downturns, the fund experienced a maximum drawdown of -15.54%, reflecting the extent of its decline from peak value. This combination of low beta and a defined maximum drawdown implies a behavior pattern where the fund may offer some cushion during market declines while still participating in upward trends, albeit with a moderate risk-adjusted return profile as indicated by the Sharpe ratio.

AI-generated summary based on the data on this page.

XLF Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 56.3% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how XLF's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With XLF

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with XLF's top 10 — FNCL overlaps most, holding 10 of the same companies as XLF's top 10 (56.3% of XLF's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

XLF Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is — and average daily volume is 35.5M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $51.4B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: XLF is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

XLF Performance History

How XLF Compares to Other Financial ETFs